Lithium Americas Corp (LAAC)

[Cory Groshek]

Electric flying car startup gets Chinese cash:

LINK TO CNN MONEY ARTICLE: http://money.cnn.com/2017/09/05/technology/lilium-electric-flying-taxi-tencent/index.html

Excerpt: Imagine: A five-seat electric jet that can move passengers between Manhattan and JFK Airport in five minutes.

That ambitious idea has caught the attention of China's Tencent (TCEHY), the lead investor in a $90 million fundraising round announced Tuesday by startup Lilium.

The German firm, which successfully tested a prototype two-seater jet in April, said it will use the money to add to its 70 staff and develop a larger five-seat jet that can take off and land vertically.

Founded by four students from the Technical University of Munich in 2015, Lilium has recently hired executives with experience at Airbus (EADSF), Rolls Royce (RYCEF) and Tesla (TSLA)...